FXLiveCapital Review – Who Is This Broker And Why To Avoid It?
The broker FXLiveCapital is one of those you wish you’d never met. The company looks rather solid; the website is designed nicely and drags attention. But just for a while. Once you start reading about the Terms and Conditions, regulations, and more, you will understand this is not a place for your money.
Read our FXLiveCapital review and find out all about this offshore broker.
|No Regulation (Illegal Broker)
|Blacklisted as a Scam by:
|FX Live Capital LLC
|Saint Vincent and the Grenadines
|Available – BTC, ETH, XRP
|Types of Assets:
|Forex, indices, commodities, crypto, shares
|Free Demo Account:
|Accepts US clients:
|US traders are accepted
Is FXLiveCapital Regulated? – Beware Of Fraud
While the disclaimer tells us that FXLiveCapital is registered as “LLC with the number 25735 BC 2020,” the regulation section states, “the registration number is 884 LLC 2021.” So, mismatch of basic information. And a red flag at the very start. Furthermore, even though the name of the website section is Regulations, we haven’t seen anything about FXLiveCapital’s regulation.
Does the Broker Have a Tier 1 Trading License?
Since the company is (allegedly) registered in Saint Vincent and the Grenadines, it implies it has no license. The FSA, the regulatory body of SVG, clearly stated it doesn’t register Forex or binary options firms, only banks, insurance companies, and pension funds. All others should opt for a license in the country of service.
And according to our review, the FXLiveCapital Forex broker hasn’t done so. There’s nothing with the FCA, ASIC, BaFin, or any Tier1 regulator, as a matter of fact.
Where Is FXLiveCapital Trading Scam Active?
When it comes to the FXLiveCapital trading scam, you can find the broker anywhere. There are very few restricted areas, including Sudan, Syria, North Korea, Saint Vincent and the Grenadines, and Cuba. Every other country is on the list, and most FX Live Capital complaints come from the US, Singapore, and Canada.
FXLiveCapital Trading Reviews – Opportunity or Trading Fraud?
To clarify, FX Live Capital broker is not a trading opportunity. It’s a scheme with no license and no recovery funds. Once you lose your money, there won’t be an authority body in charge to reimburse you, and all you can do is try and get your money back by submitting a chargeback request.
Our verdict – stay away from the FX Live Capital scam by all means.
What Trading Platforms Are Available? – Trading Software
Without being unfair to the brokerage, we will admit that FX Live Capital’s trading platform is impressive. The company offers MT4 as a desktop app, web version, and mobile app.
FXLive MT4 Platform
MT4 and its successor, MT5, are considered best of the best when it comes to trading software. However, every company determines its own trading conditions, and it can significantly impact the outcome of your trades. For example, FXLiveCapital provides unregulated leverage of up to 1:500, putting your money at risk.
Mobile Trading Apps – iOS & Android Trading
If you want to enable FXLiveCapital login on your mobile device, you can download the MT4 app directly from the broker’s website. You will see the simplified desktop app on the go.
About Prohibited Countries
As we’ve already mentioned, FXLiveCapital has a few prohibited countries, including Sudan, Syria, North Korea, Saint Vincent and the Grenadines, and Cuba. Since the company is allegedly listed in SVG, it’s rather odd it doesn’t provide domestic services. Maybe they simply don’t want to risk being exposed as a scheme.
FXLiveCapital Scam Victims
If you read FXLiveCapital reviews, you will find that victims come from all around the globe. Nothing stops this fraudulent firm from scheming since they know they have no license to lose.
Also remember the names of the EUFinance, Morgan FX Capital and Radex Markets trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
FXLiveCapital USA Traders
Unlike others, FXLiveCapital accepts USA traders, so you should be very careful when dealing with this firm since it has no CFTC or any other valid license.
What Products Does FXLiveCapital Offer?
FXLiveCapital offers the following trading instruments:
• Forex (currency pairs)
Trading Accounts Overview – What The Broker Offers?
There are only 2 FXLiveCapital account types, including:
• Classic – $100
• Professional – $500
Besides, there is an FXLiveCopy Trader account, for social trading, with the FXLiveCapital minimum deposit of $100. You can choose between MAM and PAMM accounts of all types.
Demo Account – Risk-Free Environment
Sadly, FXLiveCapital Demo is unavailable, so you’ll have to pay to check the offer.
FXLiveCapital Withdrawal Issues
Of course, there are a number of reports about withdrawal issues. Since this firm is not legitimate, it has no problems with stealing money and disappearing. And that’s exactly what they did. Once they extort everything you have, they will simply freeze your account and disable access to your funds.
What Can FXLiveCapital Fraud Victims Do?
If you find yourself scammed by FX Live Capital, let us know. Our chargeback specialists will be more than happy to assist and help you resolve the issue. Contact us via online chat now, and let’s get back what’s yours before FX Live Capital disappears like many before.
Can I Trade Cryptocurrencies And CFDs With FXLiveCapital Broker?
Both crypto and CFDs are available with FXLiveCapital.
Does FXLiveCapital Give a Deposit Bonus When Opening an Account?
FXLiveCapital says to give you a flexible bonus when depositing funds.
Is FXLiveCapital a MetaTrader 4 Forex Broker?
Yes, FXLiveCapital is an MT4 broker.
Does FXLiveCapital Have a Mobile Trading App?
FXLiveCapital provides an MT4 mobile trading app.